
Billy Libby, CEO/Co-Founder at Upper90 – The Future of Debt, Credit, & Venture Capital
Fintech Leaders
The Differences Between Working With Companies in the US and Internationally
We really aim to work with firms like yourselves and others like FJ Labs and you know other groups that we really feel like have broader domain expertise abroad. Technology transfers risk in a way I don't think many people think about so when we first started working with Mundi and for everybody in the call Mundi helps Mexican small businesses that are exporting their goods to the U.S. You now with technology in track when something leaves a factory in Mexico when it crosses the border when it is into the Walmart factory each note is tracked on average Walmart or Target or any large distributor will pay net 60 or net 90 back to the Mexican small business. It just kind of smoothing out this working capital